Twin house · 167 sqm · Marassi Red Sea

This unit is a 3 bed twin house of 167 m² in Marassi Red Sea by Emaar Properties (Emaar Misr) in Soma Bay, Soma Bay.

Declared delivery is 2029.

The unit's current contract value is EGP 39,793,888. The current market reference for a comparable unit, after EXITLY's review, is EGP 41,481,000 — about EGP 248,389 per m².

The contract value is EGP 1,687,112 below the market reference.

Neither figure is payable; what the buyer pays now is the "total you pay now" shown on this page.

Paid in cash so far is EGP 8,675,068 — what the seller actually paid toward the unit price, as verified by EXITLY. Together with any expenses the seller paid that the buyer reimburses and the EXITLY fee it forms the "total you pay now"; nothing above what they paid is asked for the seller.

EGP 31,118,820 remains with the developer, paid on the developer's own plan.

The instalment is EGP 1,555,941 (quarterly), over 20 instalments.

Yes — and it is when most selling actually happens. A unit still under construction is sold by transferring the contract, and the buyer takes delivery from the developer at its own date.

Some contracts set a condition: no transfer before a certain percentage is paid, or before a period has passed since signing. Check yours.

The developer’s announced delivery date is unchanged by a transfer — a transfer changes who the buyer is, not the construction schedule.

In most cases, yes. A unit that still carries instalments is sold by transferring the contract to the new buyer, who takes your place in it and continues the remaining payments.

In practice: you agree with the buyer on what they pay you for what you have already paid the developer, and then you go to the developer together to have the contract formally moved into their name.

The transfer conditions themselves differ by developer and by contract — some require a minimum percentage paid before they will approve one, and transfer fees vary. Your contract and the developer’s own policy are what decide.

Buying off-plan means buying a unit that is not yet built, or is under construction, on the basis of plans, specifications and a delivery date announced by the developer.

Its advantage is that the entry price is usually lower and the payment plan longer. In return you wait for delivery, and meeting the delivery date is the developer’s responsibility.

Before buying off-plan, review the developer’s record of delivering on time, and read the delay clauses in the contract.

Overdue instalments do not close the door on selling. They do affect it: most developers will not approve a transfer until the arrears are settled.

It is common for seller and buyer to agree that part of the amount goes to the developer to clear the arrears first, and the transfer completes after that.

EXITLY reviews each case individually — arrears are never an automatic refusal.

Buying from the developer gives you a fresh, longer payment plan and a unit nobody has contracted for before you.

A resale unit can give you an older contract price and a nearer delivery, because part of the project’s timeline has already passed — but it needs a larger amount up front, since you pay the seller what they have already paid.

Neither is better in the abstract. The difference comes down to your liquidity, the delivery timing that suits you, and the gap between the contract value and the project’s current price.

A transfer moves the unit’s contract from your name to a new buyer’s, at the developer. The contract itself continues; what changes is who the buyer in it is.

This differs from selling a delivered and registered property: a unit still under construction, or not yet registered, is still at the contract stage with the developer, so the change happens there rather than at the property registry.

The developer approves and documents the transfer, and sets its own conditions and fees for it.

The contract itself: the delivery and delay clauses, the transfer conditions, and the termination and penalty clauses.

The figures: the total value, the down payment, the instalment schedule, and any additional amounts such as a maintenance deposit.

The project: its licensing, its current construction stage, and the delivery date written in the contract rather than the one in the advertisement.

The developer: their record of delivering, and how they deal with buyers after the sale.

And if any clause is unclear, ask for a written explanation before signing.